An Appraisal of Public Sector Financing of Agricultural Development in Africa with Particular Reference to Nigeria

Authors

J. O. Osakwe, Central Bank of Nigeria
M. O. Ojo, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Public Sector Financing, Agricultural Development, Africa, Nigeria

Abstract

The paper discusses, largely using Nigeria as a case study, three sets of issues relating to public sector role in agricultural financing. First, it takes an overview of the agricultural situation in African countries in general and in Nigeria in particular in the last twenty years and suggests the critical factors that should guide government activities for agricultural financing in the light of the general structure of agricultural production. Second, it identifies the types and magnitudes of government assistance in agricultural financing in Nigeria and finally it discusses some of the main problems surrounding the efforts of the government in the financing of agricultural development in Nigeria and suggests possible solutions.

Author Bio

The authors are Chief Research Officers, Research Department, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

2

Volume

24

Recommended Citation

Osakwe, J. O. & Ojo, M. O. (1986). An Appraisal of Public Sector Financing of Agricultural Development in Africa with Particular Reference to Nigeria. CBN Economic and Financial Review. 24(2), 33-45.